Before IPO, AOL plans up to 1,000 layoffs

Bangalore: As AOL prepares for its initial public offering (IPO), the internet company plans for another restructuring which could cost over $200 million and it also plans to lay off about 1,000 of its 6000 employees, with 100 layoffs planned this week. Despite new leadership under CEO Tim Armstrong, AOL is yet to turn around financially. Last quarter, revenues dropped 23 percent to $777 million, reports TechCrunch. The biggest fall came from subscription revenues to its legacy internet acces...
Published about 12-11-2009 | Rated 0

Now, MBAs to become clerks

Bangalore: SBI has 11,000 clerical posts on offer, but has received 3.4 million applications. Most candidates who have applied for the Rs.8,000 a month job are engineers and MBAs, though the job specified only Class 12 as minimum qualification criterion. The server of State Bank of India crashed last year when two million candidates applied for 20,000 clerical posts. The written examination had to be conducted over four shifts as the bank just could not find enough venues where the tests coul...
Published about 12-11-2009 | Rated 0

Only a quarter of IT workforce on NSR

New Delhi: Just about 4.9 lakh IT and BPO professionals have been enrolled in the National Skills Registry (NSR), which was created by Nasscom around three years ago to build a credible database of existing and potential employees in the IT sector. This works out to less than a quarter of the overall industry workforce. "Such large initiatives take time to get operationalised and although the announcement on the NSR was made in early 2006, the initiative was launched around August 2006," a so...
Published about 12-11-2009 | Rated 0

Wipro plans to rehire laid off employees

All those employees sacked by Wipro have some news to cheer, as the company plans to rehire some of the employees it laid off last year. The tech major`s involuntary attrition rate has gone up by two percentage points in the last 16 months. "Non-performance was the reason for these separations. However, we are open to rehire some of these people who were fired by us a year ago, if they come back to us with additional skill sets. A one-year window would have been enough for them to acquire so...
Published about 11-11-2009 | Rated 0

TCS employing local talent in U.S.

To expand its U.S. operation, TCS (Tata Consultancy Services) plans to hire 1,000 local workers at its new facility near Cincinnati, Ohio, by the end of 2010, reports DNA. The company opened a $20 million delivery and software development centre in Milford, Cincinnati in Ohio, in March last year - in a bid to win federal contracts and be closer to the headquarters of its U.S. clients. Suryakant, President of TCS North America said, "The Cincinnati region is a great place for U.S. to recruit l...
Published about 11-11-2009 | Rated 0

Wipro to hire experienced professionals

With an increase in business, IT services firm Wipro is holding recruitment drives to recruit experienced IT professionals (termed lateral hiring) across India. The company said in a statement that it plans to organize two-day walk-in interviews for experienced IT professionals in Bangalore, Chennai, Mumbai, Pune, Hyderabad, Noida and Kolkata, starting November 14. The drive is a part of regular hiring, in line with business demands, the company said. Vice-President (Talent Acquisition) Prad...
Published about 11-11-2009 | Rated 0

Siliconindia job fair on November 14 for senior techies

Siliconindia is organizing a job fair for senior techies on November 14 at HAL Convention centre, next to HAL Police Station, Old Airport Road, Bangalore from 09:00 AM to 05:00 PM. Since, Indian IT companies have started recovering from the slowdown phase and recorded an unmatched growth in the first quarter (Q1) of financial year (FY) 2009-10; it would be a great opportunity for senior techies to find appropriate jobs in the current situation. The siliconindia job fair on November 14, 20...
Published about 11-11-2009 | Rated 0

The 3 Dimensions to Recruiting Top Performers

The most important aspect is to understand who you are targeting. I’m not talking about recognizing the technical skills or requirements you want to see in the candidate. Temporarily, throw the job description out the window. Then conduct an early reference check. This is a performance check you can cash. If the results confirm a prized candidate, think of him or her as a pearl. The Encarta Dictionary defines a pearl as “somebody or something highly esteemed or valued.” The gems themsel...
Published about 10-11-2009 | Rated 0

StanChart to recruit 3,000 employees by 2010

Mumbai: Standard Chartered, a British bank headquartered in London with operations in more than seventy countries, plans to hire 3,000 employees in India by the end of 2010, a year that would also see the British firm listing its shares on the bourses here. Madhavi Lall, Regional Head for Human Resources, StanChart said, "We are planning to add close to 2,500 employees to our payroll in India during 2010, while we are likely to hire a staff of 500 in the last two months of 2009." StanChart...
Published about 10-11-2009 | Rated 0

Upbeat Deloitte to hire 15,000 people in India

New Delhi: Global business consultancy Deloitte is planning to hire 15,000 people in the country over the next two to three years, the company`s top official said here Tuesday. "We are very upbeat about the Indian economy and have major expansion plans in India," said Deloitte`s global CEO, Jim Quigley. "At present, we are employing about 11,000 people in India. To increase our business, we are planning increase it by 15,000 people over the next two to three years," Quigley told reporters. "T...
Published about 10-11-2009 | Rated 0